AUDCAD
TRADE PARAMETERS
Pick Date : 04/03/18
Entry : 0.9800
Stop : 0.9780
Target : 0.9949
TRADE STRATEGY
Income Type : Swing
ENTRY
0.9800 is a fresh 3H demand zone DbR counter-trend though. Will be doing a set and forget limit order. One can enter in the zone at 0.9805 just use risk management and position size accordingly with the suggested stop. Price will need to have a strong move into the zone.
STOP
0.9780 is 20 PIPs right outside of the low for some protection.
TARGET
0.9949 is 150+ PIPs up in a fresh daily supply flip zone. Then looking to short right back down to continue down trend.
Trade active:
Trade open at 0.9793 now with a 20 PIP stop adjusted to 0.9773
Trade closed: stop reached:
Got stopped out